Food & Restaurants · lender intelligence
How to finance a Smoothie King in Illinois
The SBA 7(a) lenders funding the most Smoothie King deals in Illinois, from public loan records — typical Smoothie King loan about $400K. A bank already funding the brand in your state knows it twice over.
Deal economics— what it takes to buy & finance Smoothie King in Illinois
$399K
Typical loan
range $250K–$500K
$443K
Est. purchase price
≈ loan ÷ 90%
$59,296
Cash to close
$44,333 down + fees
$5,163/mo
Typical payment
~9.5% · 10yr
$71,249/yr
Cash flow to qualify
≈ payment × 1.15 DSCR
11 days
Typical time to fund
10
Lenders competing
more = leverage
5.68%
Avg rate on record
cap ~9.75%
Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.
Most active with Smoothie King in Illinois
Ranked by funded Smoothie King loans in Illinois. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.1,296 loans · $1.4B · Wilmington, NCFull record →
- 2.4 loans · $1M · Belleville, ILFull record →
- 3.2,539 loans · $965M · Columbus, OHFull record →
- 4.1 loans · $0M · Saint John, INFull record →
- 5.16 loans · $9M · Effingham, ILFull record →
- 6.2 loans · $1M · Mokena, ILFull record →
- 7.60 loans · $40M · Clayton, MOFull record →
- 8.149 loans · $135M · Mukwonago, WIFull record →
- 9.105 loans · $164M · Brookline, MAFull record →
- 10.318 loans · $229M · Osage Beach, MOFull record →
17+ funded Smoothie King in Illinois deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- MONEYBAR INC in O Fallon, IL — $50K (2023) · Bank of Belleville
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 9% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $25K (50%)
- Approval → funding
- 1 days
- Approved
- 1/5/2023
- First disbursed
- 1/6/2023
- Loan status
- Paid in full (6/30/2025)
- Loan type
- Revolving line
- Collateral
- Not required
- Business type
- Corporation
- Jobs supported
- 68
- Business age
- Existing or more than 2 years old
- Industry
- Snack and Nonalcoholic Beverage Bars
Funded by Bank of Belleville · Lender record →
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- Parth33 Inc. in Tinley Park, IL — $1.7M (2022) · Midland States Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.3M (75%)
- Approval → funding
- 11 days
- Approved
- 6/3/2022
- First disbursed
- 6/14/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 41
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by Midland States Bank · Lender record →
Your business? Claim this record · Request removal
- PARTH45 INC. in Joliet, IL — $1.6M (2022) · Midland States Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.25% variable
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.2M (75%)
- Approval → funding
- 18 days
- Approved
- 5/19/2022
- First disbursed
- 6/6/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 41
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by Midland States Bank · Lender record →
Your business? Claim this record · Request removal
- C.O.D. Enterprises, LLC in Saint Jacob, IL — $1.3M (2021) · purchase · Beacon Bank and Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 5.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $1.1M (90%)
- Approval → funding
- 21 days
- Approved
- 8/23/2021
- First disbursed
- 9/13/2021
- Loan status
- Paid in full (5/31/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 40
- Business age
- Change of Ownership
- Industry
- Snack and Nonalcoholic Beverage Bars
If you were the buyer here
- Est. deal size
- $1.4M
- Est. down payment (10%)
- $142K
- Est. cash at closing
- $194K
- Monthly payment
- $13,996
- Annual debt service
- $168K
- Cash flow needed (1.25×)
- $210K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Beacon Bank and Trust · Lender record →
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- M & G Healthy Blends, LLC in Matteson, IL — $500K (2021) · Old Plank Trail Community Bank National Association
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 5.5% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $250K (50%)
- Approved
- 9/24/2021
- Loan status
- Cancelled
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 15
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Full-Service Restaurants
Funded by Old Plank Trail Community Bank National Association · Lender record →
Your business? Claim this record · Request removal
- RH Hanover Park Smoothie LLC in Yorkville, IL — $492K (2021) · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% fixed
- Term
- 185 months
- SBA guaranteed
- $442K (90%)
- Approval → funding
- 4 days
- Approved
- 1/11/2021
- First disbursed
- 1/15/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Convenience Stores
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
- MONEYBAR INC in O Fallon, IL — $487K (2021) · Bank of Belleville
- Program
- Preferred Lenders Program
- Rate at approval
- 4.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $438K (90%)
- Approval → funding
- 9 days
- Approved
- 3/2/2021
- First disbursed
- 3/11/2021
- Loan status
- Paid in full (7/31/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 50
- Business age
- Existing or more than 2 years old
- Industry
- Snack and Nonalcoholic Beverage Bars
Funded by Bank of Belleville · Lender record →
Your business? Claim this record · Request removal
- Smoothie King in Chicago, IL — $466K (2021) · First Bank of the Lake
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 79 months
- SBA guaranteed
- $419K (90%)
- Approval → funding
- 3 days
- Approved
- 9/27/2021
- First disbursed
- 9/30/2021
- Loan status
- In workout — SBA bought the guarantee
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Snack and Nonalcoholic Beverage Bars
Funded by First Bank of the Lake · Lender record →
Your business? Claim this record · Request removal
- Parth29 Inc. in Crestwood, IL — $250K (2021) · American Community Bank of Indiana
- Program
- 7a General
- Rate at approval
- 5.75% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $188K (75%)
- Approval → funding
- 32 days
- Approved
- 12/4/2020
- First disbursed
- 1/5/2021
- Loan status
- Paid in full (3/31/2022)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 16
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by American Community Bank of Indiana · Lender record →
Your business? Claim this record · Request removal
- Parth31 Inc. in Chicago Ridge, IL — $250K (2021) · American Community Bank of Indiana
- Program
- 7a General
- Rate at approval
- 5.75% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $188K (75%)
- Approval → funding
- 38 days
- Approved
- 12/4/2020
- First disbursed
- 1/11/2021
- Loan status
- Paid in full (3/31/2022)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 16
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by American Community Bank of Indiana · Lender record →
Your business? Claim this record · Request removal
- 320 Sycamore, LLC in Belleville, IL — $196K (2021) · Midwest Regional Bank
- Program
- 7a General
- Rate at approval
- 6% variable
- Term
- 121 months
- SBA guaranteed
- $176K (90%)
- Approval → funding
- 0 days
- Approved
- 3/31/2021
- First disbursed
- 3/31/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 17
- Business age
- New Business or 2 years or less
- Industry
- All Other Specialty Food Stores
Funded by Midwest Regional Bank · Lender record →
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- RH Champaign 2 Smoothie LLC in Yorkville, IL — $810K (2020) · purchase · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $608K (75%)
- Approval → funding
- 10 days
- Approved
- 8/18/2020
- First disbursed
- 8/28/2020
- Loan status
- Paid in full (5/31/2023)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 28
- Business age
- Change of Ownership
- Industry
- Convenience Stores
If you were the buyer here
- Est. deal size
- $900K
- Est. down payment (10%)
- $90K
- Est. cash at closing
- $123K
- Monthly payment
- $8,691
- Annual debt service
- $104K
- Cash flow needed (1.25×)
- $130K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
- N. B. Davis & Associates II, LLC in Collinsville, IL — $399K (2020) · Citizens Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 124 months
- SBA guaranteed
- $299K (75%)
- Approval → funding
- 8 days
- Approved
- 9/22/2020
- First disbursed
- 9/30/2020
- Loan status
- Paid in full (5/31/2023)
- Loan type
- Term loan
- Collateral
- Not required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 7
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Snack and Nonalcoholic Beverage Bars
Funded by Citizens Bank · Lender record →
Your business? Claim this record · Request removal
- Twinmatrix, Inc. in Lockport, IL — $310K (2020) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $233K (75%)
- Approval → funding
- 26 days
- Approved
- 6/4/2020
- First disbursed
- 6/30/2020
- Loan status
- Paid in full (12/31/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 15
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
- RH CWE Smoothie LLC in Yorkville, IL — $270K (2020) · purchase · Live Oak Banking Company
- Program
- Preferred Lenders Program
- Rate at approval
- 5.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $203K (75%)
- Approval → funding
- 10 days
- Approved
- 8/18/2020
- First disbursed
- 8/28/2020
- Loan status
- Paid in full (10/31/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 28
- Business age
- Change of Ownership
- Industry
- Convenience Stores
If you were the buyer here
- Est. deal size
- $300K
- Est. down payment (10%)
- $30K
- Est. cash at closing
- $40K
- Monthly payment
- $2,897
- Annual debt service
- $35K
- Cash flow needed (1.25×)
- $43K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Live Oak Banking Company · Lender record →
Your business? Claim this record · Request removal
- PARTH27 INC. in Shorewood, IL — $260K (2020) · Old Plank Trail Community Bank National Association
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $130K (50%)
- Approval → funding
- 126 days
- Approved
- 3/27/2020
- First disbursed
- 7/31/2020
- Loan status
- Paid in full (3/31/2022)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 40
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by Old Plank Trail Community Bank National Association · Lender record →
Your business? Claim this record · Request removal
- Twinmatrix, Inc. in Lockport, IL — $15K (2020) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $8K (50%)
- Approved
- 6/4/2020
- Loan status
- Cancelled
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 15
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Limited-Service Restaurants
Funded by The Huntington National Bank · Lender record →
Your business? Claim this record · Request removal
Buying a Smoothie King in Illinois? Start with a lender that funds them here
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CapBench analysis of public SBA 7(a) lending records; ranked by funded Smoothie King loans with a Illinois project address. Mega-bank call-center lenders excluded.
Agent summary
How to finance a Smoothie King purchase in Illinois with an SBA 7(a) loan: the lenders that fund the brand here (from public records), with the real funded Illinois deals. Live Oak Banking Company funds the most here. CapBench is not a lender.
- $400K typical Smoothie King loan
- 10 lenders active in Illinois
- 17+ funded Illinois deals
- 11 days typical to fund
Buyers buying a Smoothie King in Illinois typically pre-qualify, then ask CapBench to introduce a lender already funding the brand here — free for buyers; agents submit a consented lead via the CapBench MCP.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-22.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.